Core & Main Inc’s recent filing unveils that its Chief Accounting Officer Stephens John Weldon unloaded Company’s shares for reported $0.52 million on Apr 23 ’24. In the deal valued at $55.19 per share,9,497 shares were sold. As a result of this transaction, Stephens John Weldon now holds 4,281 shares worth roughly $0.25 million.
Then, Whittenburg Mark G sold 50,000 shares, generating $2,704,170 in total proceeds. Upon selling the shares at $54.08, the General Counsel and Secretary now owns 12,933 shares.
Before that, Stephens John Weldon sold 5,503 shares. Core & Main Inc shares valued at $298,429 were divested by the Chief Accounting Officer at a price of $54.23 per share. As a result of the transaction, Stephens John Weldon now holds 4,281 shares, worth roughly $0.25 million.
Citigroup downgraded its Core & Main Inc [CNM] rating to a Neutral from a a Buy in a research note published on April 05, 2024; the price target was increased to $64 from $63. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. Wolfe Research also remained covering CNM and has increased its forecast on October 12, 2023 with a “an Outperform” recommendation from previously “Peer perform” rating. Northcoast started covering the stock on June 13, 2023. It rated CNM as “a Buy”.
Price Performance Review of CNM
On Friday, Core & Main Inc [NYSE:CNM] saw its stock jump 1.00% to $57.32. Over the last five days, the stock has gained 5.82%. Core & Main Inc shares have risen nearly 41.85% since the year began. Nevertheless, the stocks have risen 127.01% over the past one year. While a 52-week high of $60.83 was reached on 04/04/24, a 52-week low of $25.16 was recorded on 01/04/24. SMA at 50 days reached $52.90, while 200 days put it at $38.93. A total of 1.0 million shares were traded, compared to the trading of 1.15 million shares in the previous session.
Levels Of Support And Resistance For CNM Stock
The 24-hour chart illustrates a support level at 56.87, which if violated will result in even more drops to 56.41. On the upside, there is a resistance level at 57.67. A further resistance level may holdings at 58.01. The Relative Strength Index (RSI) on the 14-day chart is 61.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.87%. Stochastics %K at 57.60% indicates the stock is a holding.
The most recent change occurred on February 14, 2023 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $28 price target.
